- Wise arrives in Mexico 2025 at a challenging time for remittances, offering a digital and transparent alternative in a context where Donald Trump’s policies threaten the flow of money from the U.S.
- The London-based fintech will allow money transfers to over 160 countries in 40 currencies, eliminating hidden fees and competing against giants like Airwallex and Revolut in the international payments market.
Wise has officially announced its launch in Mexico, entering the international payments sector at a challenging time for remittances. With Donald Trump’s immigration policy impacting the flow of money from the United States, the London fintech aims to offer a more transparent and efficient alternative for Mexicans sending money abroad.
Wise arrives in Mexico with a challenging context for remittances in 2025
Wise’s arrival in Mexico comes at a crucial moment for the fintech sector. It is expected that the tightening of immigration policies in the U.S. will reduce the flow of remittances to the country, impacting millions of families that rely on these transfers. However, the need for digital and accessible solutions for international money transfers continues to grow.
Wise allows users to send money to over 160 countries in 40 currencies, with a fully digital process through its app and website. The company, valued at over $11 billion, promises transparent fees and lower costs compared to traditional banks.
Competition in the international payments market
The Mexican market is attracting several fintech companies looking to capitalize on the demand for efficient transfers. Airwallex, the Australian unicorn valued at $5.6 billion, recently acquired the Electronic Payment Funds Institution Mexpago to expand its presence in the country. Revolut, the London-based neobank valued at $45 billion, is also awaiting regulatory approval to operate in Mexico.
Transparency and savings against hidden fees
One of the biggest issues in international transfers is the lack of transparency. In 2024, Mexicans lost approximately $446 million in hidden fees when sending money abroad. According to Wise, some banks and providers hide up to 10.4% in commissions, inflating transfer costs and affecting users.
These losses are estimated to reach $514 million in 2025, highlighting the need for options like Wise, which guarantees clear and competitive costs.
Access and availability
Wise’s service is available to all Mexican citizens. Users can access it through the Android and iOS app or through Wise’s website. With this expansion, the company aims to position itself as a key player in the international payments market at a time when remittances are facing unprecedented challenges.
